I have been told by my lawyer that absentee landlord insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Soham?
The right level of absentee landlord indemnity insurance should be dictated by who who your lender is. It would differ for example between Yorkshire Building Society and Virgin Money. Conveyancing solicitors as opposed to members of the public take out such insurances.
Does a directory service exist listing Kent Reliance panel conveyancers in Soham on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few banks make their panel listings available over the internet. Where you are in need of a Soham conveyancer on the Kent Reliance please use our facility.
Skipton have agreed my home loan in principle, my offer on a flat in Soham has been agreed to, what happens next?
The property agent will want to be advised as to your conveyancing practitioner's details (ensure that the property lawyers are on the bank’s panel). Call up Skipton or your broker and complete any relevant documentation. Skipton will instruct a valuer who will get in contact with the selling agent or seller to arrange an appointment. Once conducted (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. Skipton will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Soham.
The deeds to our property are lost. The lawyers who did the conveyancing in Soham 5 years ago no longer exist. What do I do?
Assuming you have a registered title the details of your proprietorship will be retained by HMLR with a Title Number. It is easy to carry out a search at the Land Registry, find your house and secure current copies of the property title for a small fee. If the property is Leasehold then the Land Registry will in most cases retain a certified copy of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.
I am looking for a ground for flat up to £305k and found one close by in Soham I like with open areas and railway links nearby, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in Soham suitable, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage that many years will be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
In my capacity as executor for the will of my grandfather I am selling a residence in Neath but I am based in Soham. My solicitor (approximately 235 miles from mehas requested that I execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing practitioner in Soham who can attest this legal document for me?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are Soham based
I have today placed an offer on an apartment in Soham and the broker that we are using suggested his solicitor. She quoted £1000 plus VAT and 3rd party costs. Does this sound like a good deal?
You should not rely on one estimate. You should seek like-for-like quotes for your conveyancing in Soham. Then select one that you are comfortable with and just as important, is on the approved panel of the mortgage company that you have applied for a mortgage from.